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Dec 27, 2012
12/12
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if you make $100,000, your taxes will go up by $4600. the come bination of tax hikes d deep cuts could end up like k like this. ore the cliff in a free fall. whisky and cigarettes in hand. tonight, we've got the view from both sides of the aisle. democrat from arizona and republican from wisconsin. earlier, i spoke to the arizona congressman and asked him what he would support a scaled down deal that the president pushed for on friday. >> yeah, i would. i think that's realistic. i think we're at a point after, after the implosion by boehner and the party not to be able to come to an agreement with president obama. that we're talking about a short fix relative to a new congress dealing with the complexity and a comprehensive package of long-term, of fiscal policy in this country. that's what many of us have asked for, that everything has been to be on the table. that it has to be an honest and open discussion. >> you just said that everything should be on the table. the president said that everyone needs to give a little bit to reach a gr
if you make $100,000, your taxes will go up by $4600. the come bination of tax hikes d deep cuts could end up like k like this. ore the cliff in a free fall. whisky and cigarettes in hand. tonight, we've got the view from both sides of the aisle. democrat from arizona and republican from wisconsin. earlier, i spoke to the arizona congressman and asked him what he would support a scaled down deal that the president pushed for on friday. >> yeah, i would. i think that's realistic. i think...
WHUT (Howard University Television)
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Dec 28, 2012
12/12
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WHUT
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had democrats as a you have no taxes for those -- no tax cuts for those making under $250,000. we're going the wrong direction. why have we been talking about stimulating the economy through jobs? we seem to accept a certain amount of unemployment as being necessary for the proper functioning of the economy, so that for corporations and will keep wages low. that is baloney. we are creating our own economic vice that is entrapping tens of millions of americans. i find it unacceptable. it is like this whole fiscal cliff thing is the creation of people who are unimaginative and locked in by special interests. >> congressmember kucinich, the issue of medicare and social security, what it means for president obama to so-called compromise on these issues. can you talk about that? >> there is no reason whatsoever to bring social security into this discussion. the fact the white house has done that on numerous occasions should give everyone pause for concern. if social security has a problem down the road -- we have already talked about this -- you raised the caps on the in, accessible
had democrats as a you have no taxes for those -- no tax cuts for those making under $250,000. we're going the wrong direction. why have we been talking about stimulating the economy through jobs? we seem to accept a certain amount of unemployment as being necessary for the proper functioning of the economy, so that for corporations and will keep wages low. that is baloney. we are creating our own economic vice that is entrapping tens of millions of americans. i find it unacceptable. it is like...
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Dec 23, 2012
12/12
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FOXNEWSW
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i mean, they've allowed this to be a debate about tax rates, but the real problem, i think, for most republicans and people who voted for them is that they see how the cost s rate that is just unsustainable. i mean, the country cannot survive the kinds of increases in entitlement payoffs that will occur if there's not reform. >> paul: there's at least in my reporting, the president has offered only one substantive entitlement reform and that's a change how we calculate inflation for benefits and tax brackets and that was agreed to last year. it's really minor in the scheme of things, nothing else sustainable. >> i think that the president is overplaying his hand, paul. he's going to need republican vote next year to raise the debt ceiling and needs the republicans votes for second term items, immigration reform and humiliating them now is not going to-- >> he could in a sense, the fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to rais
i mean, they've allowed this to be a debate about tax rates, but the real problem, i think, for most republicans and people who voted for them is that they see how the cost s rate that is just unsustainable. i mean, the country cannot survive the kinds of increases in entitlement payoffs that will occur if there's not reform. >> paul: there's at least in my reporting, the president has offered only one substantive entitlement reform and that's a change how we calculate inflation for...
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170
Dec 29, 2012
12/12
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FBC
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lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're going too raise their health care costs or energy costs or labor costs. going t people aroe going to invest. job you are going to find that job creation is unique. american businesses want aess io president to succeed. i didn't vote for him, but hisey success is tied to my success. t conversely, his success is tied to the success of american bs business. there ought to be some common ground here. i'm just not seeing it yet. youh lou: what do you think of the idea that it doesn't ceos from companies show that the white house to talk big with the big guys, but small business thatf creates most th
lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're...
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Dec 27, 2012
12/12
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FBC
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happened, tax increases. john boehner was offered 121. not only are they phony, they get smaller. negotiation to walk into. eric: we have to leave it there, grover norquist, thank you. imagine every ship in port for massachusetts to texas shut down, nothing gets in or out. if they don't get their way, will everybody pay? this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just g "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture ca! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! >> forget the fiscal cliff. eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a
happened, tax increases. john boehner was offered 121. not only are they phony, they get smaller. negotiation to walk into. eric: we have to leave it there, grover norquist, thank you. imagine every ship in port for massachusetts to texas shut down, nothing gets in or out. if they don't get their way, will everybody pay? this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just g...
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Dec 22, 2012
12/12
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CSPAN
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trying to address the tax issue, i thought, was important to do it now, so that we do not have taxes go up on every american and hurt our economy. [inaudible] >> sure did. >> what went wrong? >> listen, there was a perception created that that vote last night was going to increase taxes. i disagree with that characterization of the bill, but that impression was out there. we had a number of our members who just really did not want to be perceived as having raised taxes. that was the real issue. one of my colleagues the other night had an analogy of 100 people drowning in a pool, and that he was a lifeguard. because he could not save any of them, does that mean that he should not have done anything? his point was, if i can go in there and save 99 people that are drowning, that is what i should do as a lifeguard. but the perception was out there and a lot of our members did not want to deal with it. [inaudible] are you willing to pass a bill with majority of democratic support at this time? >> we have passed a bill and is sitting in the senate. we passed a bill to deal with the sequest
trying to address the tax issue, i thought, was important to do it now, so that we do not have taxes go up on every american and hurt our economy. [inaudible] >> sure did. >> what went wrong? >> listen, there was a perception created that that vote last night was going to increase taxes. i disagree with that characterization of the bill, but that impression was out there. we had a number of our members who just really did not want to be perceived as having raised taxes. that...
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Dec 30, 2012
12/12
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FOXNEWSW
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return and pays taxes, it would cost them about $3,000 a year. you don't get anything for it. lisa jackson has been for a long period of time the head of the epa, obama's epa. i asked her the question live on tv. i said, if we were going to pass this cap and trade, would this lower our co2 emissions worldwide? she said no it wouldn't. the reason it wouldn't she said is this only applies to the united states. this isn't where the problem s. the problem is in china, in mexico, in other countries where they don't have emission standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and the ept representatives. we would just be ignoring the constitutional responsibility to get authorization. how can he do this? >> that's right. first
return and pays taxes, it would cost them about $3,000 a year. you don't get anything for it. lisa jackson has been for a long period of time the head of the epa, obama's epa. i asked her the question live on tv. i said, if we were going to pass this cap and trade, would this lower our co2 emissions worldwide? she said no it wouldn't. the reason it wouldn't she said is this only applies to the united states. this isn't where the problem s. the problem is in china, in mexico, in other countries...
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Dec 29, 2012
12/12
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KQED
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we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been grapted. >> we and the world have joined in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and i do. >> and this administration has either been guilty of colossal incompetence or engaged in a coverup. >> a red line should be drawn right here. before iran completes the second stage of nuclear enrichment necessary to make a bottom. >> -- bomb. >> i will not keep american es in harm's way a sing
we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to...
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Dec 27, 2012
12/12
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WBAL
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a poll shows nearly half of americans are doubtful the sides can settle their differences. >> taxes will go up and the 30 million households at least. that is something politicians will respond to it. >> house republican leaders called on the senate to pass two bills this it would avoid the as a booklet. republicans said the lines of communications are still open but the house will not react until the senate does. >> as we ring in the new year next week, maryland will enact new laws. some key provisions that go into effect on the first. >> about a dozen state laws will go into effect when the clock reaches midnight next tuesday. we picked a few of them to highlight some of them may have heard about already. some of them, maybe not. with any new year comes new opportunities, new experiences, and new laws. after a contentious battle, gay couples and the maryland will be able to say "i do" on january 1. couples will not go into affect until 2013 -- marriage licenses will not go into affect until 2013. elections will not be held on the same cycle as presidential elections in baltimore. it wi
a poll shows nearly half of americans are doubtful the sides can settle their differences. >> taxes will go up and the 30 million households at least. that is something politicians will respond to it. >> house republican leaders called on the senate to pass two bills this it would avoid the as a booklet. republicans said the lines of communications are still open but the house will not react until the senate does. >> as we ring in the new year next week, maryland will enact...
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Dec 30, 2012
12/12
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FOXNEWSW
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the vast majority you won't see your income taxes go up. you will see payroll taxes go up because they are not going to address that. but in terms of dealing and remember the whole point of the fiscal cliff was to deal with the debt crisis. in terms of that, nothing will have been accomplished. >> and do you think, chris, that anything can be accomplished with the debt crisis? what do they do once you get past tuesday and wednesday we are still staring down that debt. can washington now or five years from now ever really address that debt do you think? >> i don't know. it is interesting. we had on the panel and i really hope people will watch "fox news sunday." interesting and intelligent conversation between lindsey graham and dianne feinstein. not a lot of talking points, a lot of serious conversation between two patriots. we had on the panel senator evan bayh. >> good to see you, happy new year. >> even under these circumstances good to see you and happy new year to you and everybody out there. >> fascinating and serious conversation as
the vast majority you won't see your income taxes go up. you will see payroll taxes go up because they are not going to address that. but in terms of dealing and remember the whole point of the fiscal cliff was to deal with the debt crisis. in terms of that, nothing will have been accomplished. >> and do you think, chris, that anything can be accomplished with the debt crisis? what do they do once you get past tuesday and wednesday we are still staring down that debt. can washington now...
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Dec 22, 2012
12/12
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FOXNEWSW
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he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can only pass from democrats and republicans and no one gets 100 percent of what they want. everyone has to give a bit in a sensible way. we move forward together or not at all. in addition to making bush era tax cuts permanent for the middle class. let president want to preserve unemployment benefits if congress doesn't act. that know amount to an achievable goal and something that can get dun before the end of the year. >> steve, thank you for that. and now turning to the scathing report against the state department. it is fueling out a debate over what they call t
he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can...
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Dec 23, 2012
12/12
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WTTG
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countdown to the so-called fiscal cliff, just two days until santa, and a little over eight days until taxes go up for everyone if they don't resolve this issue. >>> the last victims from the connecticut school shootings are are laid to rest, as the gun control debate heats up in the nation's capitol. a look at a rally to end gun violence. >> and another crucial game for the skins, trying to make it six wins in a row. a preview of the big one in philly today. we break down their playoff chances. >>> good morning. welcome to fox 5 morning news. i've dave ross. >> and i'm wisdom, good to see you! fun to be here on a sunday. >> we'll have a good time talking redskins. >> it is a meaningful game around christmas time. >>> also keeping tabs on the weather, bothn our area and in philly as well. this is a live look outside at the national christmas tree.got your christmas shopping done? >> of course not! >> make sure you move my name up to the top of the list! >>> a look at the national christmas tree near the white house. fox 5's gwen tolbert is in the weather center right now. how are things look
countdown to the so-called fiscal cliff, just two days until santa, and a little over eight days until taxes go up for everyone if they don't resolve this issue. >>> the last victims from the connecticut school shootings are are laid to rest, as the gun control debate heats up in the nation's capitol. a look at a rally to end gun violence. >> and another crucial game for the skins, trying to make it six wins in a row. a preview of the big one in philly today. we break down their...
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Dec 27, 2012
12/12
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FBC
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i'm going to call them obama tax cuts. will runs say no to voting for a tax cut? >> well, the interesting question is of course what this comes with. we're at the beginning of a conversation not at the end of a conversation. because we have to decide what to do withhe bush tax cuts. that's one thing. we have to dide to do -- what to do with a trillion dollar of obamacare tax increases. very few people are talking about this but there's a trillion dollars of tax increases obamand ad demonstration passed before the last eltion and 90% of those hikesere delayed until after the president got himself reelected. then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0
i'm going to call them obama tax cuts. will runs say no to voting for a tax cut? >> well, the interesting question is of course what this comes with. we're at the beginning of a conversation not at the end of a conversation. because we have to decide what to do withhe bush tax cuts. that's one thing. we have to dide to do -- what to do with a trillion dollar of obamacare tax increases. very few people are talking about this but there's a trillion dollars of tax increases obamand ad...
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Dec 26, 2012
12/12
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FOXNEWSW
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i'm going to call them obama tax cuts. will runs say no to voting for a tax cut? >> well, the interesting question is of course what this comes with. we're at the beginning of a conversation not at the end of a conversation. because we have to decide what to do with the bush tax cuts. that's one thing. we have to decide to do -- what to do with a trillion dollar of obamacare tax increases. very few people are talking about this but there's a trillion dollars of tax increases obamand ad demonstration passed before the last election and 90% of those hikes were delayed until after the president got himself reelected. then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask y
i'm going to call them obama tax cuts. will runs say no to voting for a tax cut? >> well, the interesting question is of course what this comes with. we're at the beginning of a conversation not at the end of a conversation. because we have to decide what to do with the bush tax cuts. that's one thing. we have to decide to do -- what to do with a trillion dollar of obamacare tax increases. very few people are talking about this but there's a trillion dollars of tax increases obamand ad...
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Dec 27, 2012
12/12
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WBAL
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eye 137
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talks cooled over the holidays over how to avoid the massive tax hikes. >> taxes are going to go up no matter what. they go up a lot more and that is where the political hit comes. >> house republicans point the finger at the other chamber saying the senate must act on a bill to avoid the fiscal cliff. the gop is blamed for the holdup. no further legislation can move unless republicans drop their knee-jerk obstruction. the mayfield gradual at first, except on wall street. >> the reaction of the financial markets and the stock markets. you could see something quick. >> a top ceo is hoping to jolts them into action. >> i am maintaining my optimism that we will see the republicans and administration come together and do what is right for the country. >> starbucks its in its message that our players in washington and take me out an ad featuring a quotation from lincoln. will it work? we will see. >> hallie jackson, thank you. >> kim dacey is live on what you need to know. >> about a dozen state laws will go into effect next tuesday. we have highlighted just a few. with any new year comes n
talks cooled over the holidays over how to avoid the massive tax hikes. >> taxes are going to go up no matter what. they go up a lot more and that is where the political hit comes. >> house republicans point the finger at the other chamber saying the senate must act on a bill to avoid the fiscal cliff. the gop is blamed for the holdup. no further legislation can move unless republicans drop their knee-jerk obstruction. the mayfield gradual at first, except on wall street. >>...
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Dec 26, 2012
12/12
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KGO
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are $500 billion worth of tax hikes expected on january 1st. republicans are saying that spending cuts. they want to see more of that. and democrats do not want to go off of their focus on where they are right now, to get to that point. that's really a big divide that both the white house and capitol hill is facing right now. >> let's look at everyone left for christmas break. this seemed like it was going nowhere. is there any hope over the next few days that a deal is going to be reached? or are we just going straight off the cliff? >> reporter: well, the president says he hopes that members of congress will bring some eggnog and sing some christmas carols and come back. but it looks like it will take more than just some christmas cheer to get them to move off of their positions. the president, before he left, said he remains optimistic that some sort of a deal can be struck. but the reality is, they only have a matter of days. december 31st is when all of this has to be agreed by. and so, the clock is ticking, guys. >> all right. reena ninan
are $500 billion worth of tax hikes expected on january 1st. republicans are saying that spending cuts. they want to see more of that. and democrats do not want to go off of their focus on where they are right now, to get to that point. that's really a big divide that both the white house and capitol hill is facing right now. >> let's look at everyone left for christmas break. this seemed like it was going nowhere. is there any hope over the next few days that a deal is going to be...
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Dec 29, 2012
12/12
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FOXNEWSW
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keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to o his conference and so we will be working hard to try to see he if we can get there in the next 24 hours. >> among the questions to be answered, what level do you set extending the bush tax cuts? $250,000 income? $500,000 or $750,000. that will all get hammered out this sundby, by this sunday when house lawmakers are set to return. failure or a bad deal could have major economic impact if the markets react poorly. greta? >> greta: mike, thank you. and check your watches because we are only about 73 hours and 55 minutes away from the big event. that is how much time we have before the president, t
keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to o his conference and so we will be...
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self-imposed out costs from society i will attack myself and i want to tax my brother understand my one time. i'm going to basically attack the cause of my anger and my frustration. got. well into the tank and don't want. to lose the most violent gangs in us history. it's just all model killer joe with colors matching the national flag. but this country uses violence when it reaches and then the gentleman says that. they are made in america on the oxy. choose your language. fully recover though in a financial planner i say still some of us. choose to use the consensus here to. choose the opinions that invigorating to mind. choose the stories that impact your life choose the access to your office. russia is one step closer to imposing a total ban on adoptions of its children by u.s. citizens with the lower house of parliament giving the green light to the motion of the ban is part of a lot of legislation targeting those who use the rights of russians abroad moscow is responding to washington's travel and financial restrictions on russian officials suspected of involvement in the death of
self-imposed out costs from society i will attack myself and i want to tax my brother understand my one time. i'm going to basically attack the cause of my anger and my frustration. got. well into the tank and don't want. to lose the most violent gangs in us history. it's just all model killer joe with colors matching the national flag. but this country uses violence when it reaches and then the gentleman says that. they are made in america on the oxy. choose your language. fully recover though...
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Dec 29, 2012
12/12
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FOXNEWSW
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we can't just rely on raising taxes. we have to look at cutting spending and the republicans are doing that, even more so with gite ner pointing out the -- geithner pointing out the fact, warning us on the debt ceiling. this shows us we have out of control spending and raising taxes is not going to get us out of this mess. >> alice, you realize that most americans think you need a combination of tax hikes and spending cuts. it's not just one half of the deal. this is republicans and democrats, about 70% of americans, so it's not just a one-sided deal, and the second thing to say is, you know, these guys aren't that far apart. you know, in fact, when you look at how much revenue boehner has put on the table, he's close to a trillion dollars and he's just simply saying i want a trillion dollars in spending cuts as with he will. president obama, he's close to the same number. they're about, you know, $300 billion apart. they're about 1% apart in this whole deal, so i don't think it's fair to just attack the democrats someho
we can't just rely on raising taxes. we have to look at cutting spending and the republicans are doing that, even more so with gite ner pointing out the -- geithner pointing out the fact, warning us on the debt ceiling. this shows us we have out of control spending and raising taxes is not going to get us out of this mess. >> alice, you realize that most americans think you need a combination of tax hikes and spending cuts. it's not just one half of the deal. this is republicans and...
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Dec 22, 2012
12/12
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CNNW
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higher taxes. lawmakers and president obama have left washington for christmas with no deal on tax cuts and spending cuts. tax hikes and spending cuts that could go in effect the first of the year. cnn's brianna keilar is live in hawaii where the president is spending christmas holiday. brianna, aloha. where do we go from here? >> reporter: aloha to you, miguel. this will be a working christmas vacation for president obama. the senate will reconvene december 27th, so after christmas. and up until that time, it's up to president obama to try to work out a deal with the senate majority leader, harry reed, as well as the senate minority leader, mitch mcconnell to avert tax hikes going into effect at the new year. the president wants them for those making $250,000 or less to remain in effect and to go up beyond there. but he'll need to work out something presumably that would be able to pass the senate. and then presumably the house with some democratic support, as well as republican support. and liste
higher taxes. lawmakers and president obama have left washington for christmas with no deal on tax cuts and spending cuts. tax hikes and spending cuts that could go in effect the first of the year. cnn's brianna keilar is live in hawaii where the president is spending christmas holiday. brianna, aloha. where do we go from here? >> reporter: aloha to you, miguel. this will be a working christmas vacation for president obama. the senate will reconvene december 27th, so after christmas. and...
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121
Dec 27, 2012
12/12
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MSNBCW
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there's a whole host of other things, $2,200, income tax, estate tax, dividend tax, all of those set to go up on americans and what is expected to be a disaster for every household. if for some reason we go over the cliff and don't do something at the beginning of january and go back retroactively and adjust the rates, krystal. >> yeah. >> peter, you said something a minute ago and significant and if there's going to be a deal, that ends up leaving some taxpayers, wealthy taxpayers, paying higher than now, it's next year for republicans to sign off on it saying it's a tax cut in some form and gives democrats to wait until next week to strike a deal and wonder besides getting what they want or most of what they want on taxes if they wait until next week, is there anything else they can get in a deal in terms of we are talking about unemployment insurance, in terms of, you know, investment income and the tax rates and stimulus and looking for more stimulus and just be a tax cut deal next week or more components to it? >> reporter: it's a good question. they're having enough struggles w
there's a whole host of other things, $2,200, income tax, estate tax, dividend tax, all of those set to go up on americans and what is expected to be a disaster for every household. if for some reason we go over the cliff and don't do something at the beginning of january and go back retroactively and adjust the rates, krystal. >> yeah. >> peter, you said something a minute ago and significant and if there's going to be a deal, that ends up leaving some taxpayers, wealthy taxpayers,...
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Dec 23, 2012
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for not voting on the tax on over there for over a monthly they are allowing the tax on everyone over 2 thift,000 to go up. >> ?ar majority leader harry reid who has gotten involved, helpful or hurtful? >> i don't know if they are serious. there is talk democrats want to go over the fiscal cliff. if no action is taken by december 31st, everyone's tacks go up. that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the democrats feel it could go over the cliff. everyone's taxes will be gone up. >> automatically. >> what would happen to spending if you went over the cliff? >> you would have automatic spending cuts come in which in some cases mate be good, but could december mate defense. and that's the real concern i have is that these cuts are almost arbitrarily 50-50 and the defense is not 50% of the budget, and they will drastically cut weapon systems and the deployment of our troops. >> i can understand that you would be concerned about that. in terms of this christmas break now that you are home and the president is i
for not voting on the tax on over there for over a monthly they are allowing the tax on everyone over 2 thift,000 to go up. >> ?ar majority leader harry reid who has gotten involved, helpful or hurtful? >> i don't know if they are serious. there is talk democrats want to go over the fiscal cliff. if no action is taken by december 31st, everyone's tacks go up. that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the...
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Dec 27, 2012
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they're balanced on increasing taxes. i don't like increasing taxes. i like pro-growth economics but we need to cut spending. right now the law does it. i think go over the cliff. we know exactly what is going on. i'm concerned about a lot more things around the globe, particularly corporate earnings than i am the fiscal cliff. adam: all right. jeffrey cleveland, you're an economist, which is worse, raising taxes doing austerity all at once? what you do i this? >> i think the biggest problem is the uncertainty with all this. we're at december 27th. we're talking about changing the rules of the game. i think from an economist's standpoint, from an investor's standpoint rules, whether they're tax rates or spending rates, those are the signposts for the entrepeneurs. that is how entrepreneurs set the agenda for growth and economic activity. if you're adjusting those signposts, adam, at the last second, that is bad for growth. sort of like if you're on the super high wand a keep changing exit signs. you can't stop. adam: steve hayes, i will get to you in a
they're balanced on increasing taxes. i don't like increasing taxes. i like pro-growth economics but we need to cut spending. right now the law does it. i think go over the cliff. we know exactly what is going on. i'm concerned about a lot more things around the globe, particularly corporate earnings than i am the fiscal cliff. adam: all right. jeffrey cleveland, you're an economist, which is worse, raising taxes doing austerity all at once? what you do i this? >> i think the biggest...
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Dec 29, 2012
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and start raising taxes. they don't -- what they are doing. >> they are killing the parties that they are supposedly -- >> you can't be weak and kill the party at the same time, kathy. the new york times is saying look they are on their way out. meanwhile they are controlling a party. here is what i don't get. >> they are losing influence and weakening. that is what the article was about. they are losing influence. they had it at the time. >> some of the tea party folks. rand paul. he is a star in the conservative movement. so say they have no influence and they are dying out is false. >> i think it is wishful thinking on the "new york times" part because the conditions that brought about the party aren't going away. there is still going to be that belief that there needs to be change. >> the tea party just gave a name to a movement that was going to happen no matter what. people were not happy with the way the country was going and just jumped on to the wave that was happening. they named the wave, they didn
and start raising taxes. they don't -- what they are doing. >> they are killing the parties that they are supposedly -- >> you can't be weak and kill the party at the same time, kathy. the new york times is saying look they are on their way out. meanwhile they are controlling a party. here is what i don't get. >> they are losing influence and weakening. that is what the article was about. they are losing influence. they had it at the time. >> some of the tea party folks....
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Dec 26, 2012
12/12
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with an income of $174,000, they will pay $7,500 more in taxes. and the superrich, consider lebron james. he makes about $53 million a year. he would see his taxes go up $2.4 million next year alone. >>> we have chilling, new details of a christmas eve killing of two firefighters near rochester, new york. some of those details are in a letter written by the killer. 62-year-old william spengler used a bushmaster rifle similar to the one used in newtown, connecticut. police yesterday, who read from his disturbing typewritten letter. >> i still have to get ready to see how much of a neighborhood i can burn down and do what i like doing best, killing people. >> and police also upped the death toll from monday's violence to three, after finding the body of spengler's sister in his burned-out home. two of the fire fighters that responded to the blaze are still in the hospital. >>> in newtown, connecticut, thousands of people from all across the country came to pay respects on christmas day. volunteers have been watching over the candlelight vigil for th
with an income of $174,000, they will pay $7,500 more in taxes. and the superrich, consider lebron james. he makes about $53 million a year. he would see his taxes go up $2.4 million next year alone. >>> we have chilling, new details of a christmas eve killing of two firefighters near rochester, new york. some of those details are in a letter written by the killer. 62-year-old william spengler used a bushmaster rifle similar to the one used in newtown, connecticut. police yesterday,...
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Dec 26, 2012
12/12
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there are income tax rates currently at 35% tax rate. what about people who are paying a rate of 15%? -- how about the unearned where people are paying a rate of 15%? there was a wealthy person who told me several weeks ago, people in my category are not worried about the earned income tax rate. most of our income is not earned. yeah, exactly right. that is why we should not lose focus of the unearned income tax rate. there is a differential between -- there is a 20% differential between unearned and earned income. why are we penalizing work? a person who works for the money pays a higher effective rate than somebody who doesn't. i know paris hilton is adding a lot to our society. i'm sure she is. but somebody who is just living off an inheritance, they are paying a rate of 15% and somebody that is paying a rate of 15% and works hard and is productive is paying a rate of 35%, honestly, i do not see any justification for that. >> sir? mic. >> i wanted to ask you if there is some negative effect from these policies. what would you think ab
there are income tax rates currently at 35% tax rate. what about people who are paying a rate of 15%? -- how about the unearned where people are paying a rate of 15%? there was a wealthy person who told me several weeks ago, people in my category are not worried about the earned income tax rate. most of our income is not earned. yeah, exactly right. that is why we should not lose focus of the unearned income tax rate. there is a differential between -- there is a 20% differential between...
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Dec 23, 2012
12/12
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we just need to tax more rich people. i asked them what is a fiscal cliff and, of course, none had any idea. you can see it on you tube .com/steven crowder. but, of course, i am a democrat. when i polled them over solutions. closing loopholes, the same people who claimed to be democrats turned out that they lined up with republicans on almost all of the individual solutions. when i asked people they were more concerned with not being seen as a republican than giving the right answers or coming up with solutions. oh, dear lord i'm not a republican. >> judge jeanine: what is interesting when you talk about language and categories and all that, it was like when boehner talks about all of this economic this, that and the other thing and the president obama talks about christmas, the holidays and families struggling. you know, now you got the two of them saying a resolution can only be reached by both sides of the aisle working together. let's hear this one. >> avoiding this tax hike is not a democratic responsibility or repub
we just need to tax more rich people. i asked them what is a fiscal cliff and, of course, none had any idea. you can see it on you tube .com/steven crowder. but, of course, i am a democrat. when i polled them over solutions. closing loopholes, the same people who claimed to be democrats turned out that they lined up with republicans on almost all of the individual solutions. when i asked people they were more concerned with not being seen as a republican than giving the right answers or coming...
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Dec 28, 2012
12/12
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but i do know that the tax rates are going to expire. one of my favorite analogies and everyone said it's like 100 people are drowning and you are going to save 98 of them by only protecting them from a tax increase, 98%. and and my question is they are all drowning, right? which means raising taxes is a bad thing for everyone. why would we not save two? we would drowning be our policy? who would be in favor of a policy of drowning, raising taxes? sounds like it's a bad thing for everyone, why are they so in sis ten we raise tacks on someone? >> do you get the idea there's a discussion going on in the senate. i turn on the tv and different senators are taking to the floor and he they are speaking 209 other senators that might be there or the american people but what about in the halls of the u.s. senate? are people talk and negotiating, trying to work on solutions? >> the way it's been set up is for a few people in leadership, and i always joke i have to ask people in the media what's going on with the fiscal cliff thing because we don't
but i do know that the tax rates are going to expire. one of my favorite analogies and everyone said it's like 100 people are drowning and you are going to save 98 of them by only protecting them from a tax increase, 98%. and and my question is they are all drowning, right? which means raising taxes is a bad thing for everyone. why would we not save two? we would drowning be our policy? who would be in favor of a policy of drowning, raising taxes? sounds like it's a bad thing for everyone, why...
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he died in custody during a massive tax fraud investigation three years ago but president putin says the u.s. should look at its only record before criticizing others for human rights violations. our us are partners and their lawmakers say they are concerned about human rights in our prisons and that's fine of course but there are plenty of issues they have themselves abu ghraib and guantanamo where for years people have been detained without charge it's inconceivable prisoners walk around in chains like in the middle ages legalized torture inside their own country if something like that happened here it would cause an international outcry. in the us we've heard plenty of promises to close guantanamo but it's still there it's still operating maybe there is still torture going on there secret cia prisons has anyone been brought to account and they're pointing out to our problems well thank you we're aware of that making this the ground for passing anti-abortion laws it's something absurd and we have a no way provoked such action. and we're going was pretty well president putin's comme
he died in custody during a massive tax fraud investigation three years ago but president putin says the u.s. should look at its only record before criticizing others for human rights violations. our us are partners and their lawmakers say they are concerned about human rights in our prisons and that's fine of course but there are plenty of issues they have themselves abu ghraib and guantanamo where for years people have been detained without charge it's inconceivable prisoners walk around in...
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Dec 27, 2012
12/12
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these are people that pay no income tax. so my job is not to worry about those people. >> he acts as a character witness against himself in this video. he compounded every stereotype in this campaign. in that one fumble clip. >> the only thing we can do here is play newt gingrich. we have to play the skewed media. four out of five fumbles were republican? i guess they were. >> that's just deflection. you don't want to deal with the truth here. >> busboys should not be allowed to have video cameras when way they are waiting tables. who took that? >> it was somebody in the kitchen. >> the first spot is great and how perfect could it end if mitt romney ended up getting 47% of the vote. >> exactly right. >> that was perfect. but he didn't want to be president anyway. >> and if you believe that, i gotten years of your life back for you. >> and a million dollars later he tells me that. >> well, we are going to do this again tomorrow, but we are going ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. p
these are people that pay no income tax. so my job is not to worry about those people. >> he acts as a character witness against himself in this video. he compounded every stereotype in this campaign. in that one fumble clip. >> the only thing we can do here is play newt gingrich. we have to play the skewed media. four out of five fumbles were republican? i guess they were. >> that's just deflection. you don't want to deal with the truth here. >> busboys should not be...
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Dec 22, 2012
12/12
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in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he basically is saying we have to come up with some solution to help the majority of ame
in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans...
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Dec 26, 2012
12/12
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because of the tax increase. i thought it was going to wreck the economy. it didn't wreck the economy. in '95 and '96, a lot of tough decisions by republicans, a lot of cuts that weren't popular with democrats as well as welfare reform. we heard all the horror stories. but you look at the tough decisions you guys made in '93 and '94, the tough decisions that we made sometimes that you agreed with and sometimes you didn't. taken together, those were three or four pretty dramatic years of political leaders stepping up and doing unpopular things. >> but that's what -- >> can we do that in 2013? >> -- works. >> i know. is washington still capable of that? >> i predict that it will happen. i think you will have, just like we did then, you'll have people out here and out here that won't agree with that. but i think you'll have an operating majority to do something. i believe that will happen. >>> still ahead, we're joined by actor and director ben affleck and the emmy-winning star of "veep," julia louis-dreyfus. first,
because of the tax increase. i thought it was going to wreck the economy. it didn't wreck the economy. in '95 and '96, a lot of tough decisions by republicans, a lot of cuts that weren't popular with democrats as well as welfare reform. we heard all the horror stories. but you look at the tough decisions you guys made in '93 and '94, the tough decisions that we made sometimes that you agreed with and sometimes you didn't. taken together, those were three or four pretty dramatic years of...
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classic dominated republic and they are looking forward to increase the taxes increase of prices and a very very anti poor economical policies that they are trying to to inforce the country and they are putting us down economically they're going to go down on freedom they are shutting down newspapers they are going to attack and they're going to be attacking a lot of news channels that is bringing the truth we've seen how. good of the high council of the shura council the second house of the parliament how how they promise that it's not going to be dominated by the muslim brotherhood members and you see that sixty percent of the you know many of the ninety of the ninety people sixty of them are either most of brotherhood or are solidly in order a party we see how they lie continuously and we know that they want to do a very very harmful economical policy and we are trying our best to stand by the people arm in arm against these policies for for the sake of the people's right in a better economy. who are going to have to leave it there i'm sorry to have to leave it there we're going t
classic dominated republic and they are looking forward to increase the taxes increase of prices and a very very anti poor economical policies that they are trying to to inforce the country and they are putting us down economically they're going to go down on freedom they are shutting down newspapers they are going to attack and they're going to be attacking a lot of news channels that is bringing the truth we've seen how. good of the high council of the shura council the second house of the...
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Dec 27, 2012
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let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budgetffice and any number of conservative economistst that this is serious. that we have got to get this thing done that we have got to get it in order. or at some point america's full faith and credit is going to go away. we are not going to look so good to the rest of the world as far as credit risk. so let's talk to you about this. is this a manufactured media crisis or does something substantial need to be done here? >> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all be
let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budgetffice and any number of conservative economistst that this is serious. that we have got to get...
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the stage and there is the tax and that is very disheartening that the western clothes in the security council start to refuse. then there has to consider saying that yes there is missing. but you must they conclude come on the overall context of what is going on in syria and why people the result that there was that this it's absolutely unacceptable and this logic might be full of this logic why do those through a very dangerous situation not only in the middle east but in other parts of the world. who would begin to. want to qualify terrorist as. bed terrorist and acceptable terrorists. still to come out from afghanistan and into the gulf britain planning a military boost in the oil rich region later this hour we'll look at what's at stake for the u.k. in the gulf and where this new build up might be headed boss. no wind in sight for the trouble in europe as thousands of greeks in the spaniards again take to the streets in protest against suffocating austerity cuts. before we get to all of that though it's been a heartbreaking week of farewells in newtown connecticut where all twenty
the stage and there is the tax and that is very disheartening that the western clothes in the security council start to refuse. then there has to consider saying that yes there is missing. but you must they conclude come on the overall context of what is going on in syria and why people the result that there was that this it's absolutely unacceptable and this logic might be full of this logic why do those through a very dangerous situation not only in the middle east but in other parts of the...